KANZHUN (NASDAQ:BZ) Hits New 1-Year Low – What’s Next?

KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) reached a new 52-week low on Thursday . The stock traded as low as $12.61 and last traded at $12.8780, with a volume of 941582 shares changing hands. The stock had previously closed at $13.14.

Analyst Ratings Changes

BZ has been the subject of a number of analyst reports. Sanford C. Bernstein upgraded KANZHUN from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $16.50 to $18.00 in a research report on Friday, June 5th. Wall Street Zen cut shares of KANZHUN from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Barclays reduced their target price on shares of KANZHUN from $28.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, March 20th. Finally, Zacks Research upgraded shares of KANZHUN from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $21.75.

KANZHUN Trading Up 5.0%

The stock has a 50 day moving average of $13.80 and a 200-day moving average of $16.09. The stock has a market capitalization of $5.58 billion, a P/E ratio of 13.02 and a beta of 0.49.

Hedge Funds Weigh In On KANZHUN

Several institutional investors and hedge funds have recently added to or reduced their stakes in BZ. Parallel Advisors LLC increased its position in KANZHUN by 5,732.4% during the 1st quarter. Parallel Advisors LLC now owns 2,158 shares of the company’s stock valued at $29,000 after buying an additional 2,121 shares in the last quarter. Bank of America Corp DE boosted its position in KANZHUN by 38.5% in the 1st quarter. Bank of America Corp DE now owns 6,083,025 shares of the company’s stock worth $81,452,000 after purchasing an additional 1,690,275 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in KANZHUN by 86.6% during the first quarter. Quantinno Capital Management LP now owns 109,175 shares of the company’s stock worth $1,462,000 after buying an additional 50,660 shares in the last quarter. Lazard Asset Management LLC grew its position in shares of KANZHUN by 45.8% during the 1st quarter. Lazard Asset Management LLC now owns 2,001,349 shares of the company’s stock valued at $26,798,000 after acquiring an additional 628,993 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in KANZHUN by 43.3% in the first quarter. Renaissance Technologies LLC now owns 5,698,667 shares of the company’s stock valued at $76,305,000 after purchasing an additional 1,722,700 shares during the period. Hedge funds and other institutional investors own 60.67% of the company’s stock.

KANZHUN Company Profile

Kanzhun Ltd. (NASDAQ: BZ) operates a leading AI-driven online recruitment platform under the brand name Boss Zhipin. The platform leverages algorithmic job matching and instant in-app messaging to connect job seekers and employers, streamlining the hiring process and reducing time-to-fill. By combining machine-learning recommendations with direct recruiter interactions, Kanzhun aims to create a more efficient, personalized recruitment experience compared with traditional job boards.

Beyond its core peer-to-peer marketplace, Kanzhun provides a suite of premium services for corporate clients, including employer branding packages, targeted marketing campaigns and SaaS-based human capital management tools.